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Mortgage loans statistics, July 2014
According to statistics released today by the Monetary Authority of Macao, new approvals of residential mortgage loans (RMLs) decreased month-to-month in July 2014 whereas commercial real estate loans (CRELs) increased. With regard to outstanding balance, RMLs and CRELs both witnessed increases. New lending approved In July 2014, new RMLs approved by Macao banks dropped 40.0% month-to-month to MOP5.5 billion; of which, 97.8% was extended to residents. In terms of value, new RMLs to residents and non-residents decreased 22.3% and 94.7% respectively. When compared with the same period of 2013, new approvals of RMLs witnessed increase of 23.6%. New RMLs collateralised by uncompleted units (i.e. equitable mortgage) decreased by 60.6% month-to-month to MOP1.1 billion. The equitable mortgage extended to residents, which accounted for 96.0% of the total, increased 58.1%. Attributable to the lower base for comparison after the implementation of the Legal Regime for Title Transfer of Buildings Under Construction in June 2013, new RMLs collateralised by uncompleted units expanded year-on-year by 3,116.7%. New CRELs increased by 60.5% month-to-month to MOP17.5 billion; of which, 88.2% was granted to residents. In terms of value, new CRELs to residents and non-residents increased 43.0% and 1,838.5% respectively. The surge of CRELs to non-residents was mainly driven by loans approved for the development of some large-scale tourism-related projects. On an annual basis, new approvals of CRELs grew by 580.3%. Outstanding balances As at end-July 2014, the outstanding value of RMLs reached MOP140.8 billion, an increase of 2.2% from one month earlier or 29.9% from a year ago. The resident component made up 94.1% of the total. Compared to end-June 2014, outstanding RMLs to residents and non-residents grew 2.3% and 0.4% respectively. Concurrently, the outstanding value of CRELs increased 5.7% from end-June 2014 and was up 43.4% from end-July 2013 to MOP111.1 billion. Residents accounted for 90.7% of the loans. Compared with one month earlier, outstanding CRELs to residents and non-residents grew 4.2% and 23.5% respectively. Delinquency ratios At the end of July 2014, the delinquency ratio for RMLs remained virtually unchanged at 0.06% or increased by 0.01 percentage point from a year ago. The ratio for CRELs decreased to 0.07%, down 0.01 percentage point from a month ago and from end-July 2013. Annex 16 September 2014 Detailed figures on Mortgage Loans Statistics are available on: http://www.amcm.gov.mo/economic_statistics/economic.htm.
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Exhibits in Macao Ideas will be on displayed in China Civil Plaza, Macao
Macao Ideas - the Macao branded products display centre of Macao Trade and Investment Promotion Institute (IPIM), currently located on the ground-floor of the Tourism Activities Centre ("CAT"), will move to the Macao Business Support Centre on the 19 floor of China Civil Plaza, 263, Alameda Dr. Carlos d'Assumpcao, Macao. The exhibits will be displayed in the new venue from 1 October. Macao Ideas - has been promoting Products Made in Macao, Macao Brands, Macao Design and Sole distributorship of Portuguese Speaking Countries products since 9 May 2011. The numbers of exhibitors has increased from 80 to the current 110 and 600 exhibits to more than 1,000 since its opening. The product categories include garments, wedding gowns and evening dresses, jewellery, food, wine, medical products, furniture, industrial supplies, IT products, cultural and creative design products and handicrafts. With the rapid development of SMEs information technology and e-commerce, Macao Ideas will also follow the trend and computerise its service, as well as promote the centre and its exhibits through varies digital media to build up brand awareness and explore more business opportunities for its exhibitors. Such as the Macao Ideas Wechat account has been set up recently (Id number: gh_00ca43f93002) to allow for the most up-to-date on and offers on Macao's different branded products, interesting business stories to be released regularly and swiftly. Besides getting more information on the centre, follow Macao Ideas on Wechat now can receive a free gift. Other digital media promotions including EDM for procurement agents, banner advertisement placement on the international sourcing website and electronic magazine to introduce the individual exhibitors of the centre will be updated on a regular basis. Moreover, IPIM takes products currently on display in "Macao Ideas" to different Mainland, local and overseas exhibitions with an aim of promoting Macao Ideas and its exhibitors and exploring more opportunities for exhibitors in overseas markets. Macao Ideas - the promotional platform for local enterprises to introduce their products to overseas market. For more information, please visit the centre or our website http://macaoideas.ipim.gov.mo. Macao Ideas
Opening Hours: Monday to Friday, 9am to 6pm
Address: 1). 263, Alameda Dr. Carlos d'Assumpcao, 19th floor, China Civil Plaza Bldg, Macao. (From 1 October 2014) 2). Centro de Actividades Turisticas, 431, Rua Luis Gonzaga Gomes, Macao (Until 30 September 2014) Tel: 853 2870 0620 / 28702123 / 2870 2021
Fax: 853 2870 0621
Email: macaoideas@ipim.gov.mo
Website: http://macaoideas.ipim.gov.mo
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Foreign exchange reserves and nominal effective exchange rate index for the pataca – August 2014
The Monetary Authority of Macao announced today that the preliminary estimate of Macao SAR's foreign exchange reserves amounted to MOP130.2 billion (USD16.31 billion) at the end of August 2014. The reserves increased by 2.0% from the revised value of MOP127.6 billion (USD15.99 billion) for the previous month. Macao SAR's foreign exchange reserves at end-August 2014 represented 13 times the currency in circulation or 108.3% of Pataca M2 at end-July 2014. The trade-weighted effective exchange rate index for the pataca, a gauge of the domestic currency's exchange rates against the currencies of Macao's major trading partners, rose 0.39 points month-to-month and 0.14 points year-on-year to 97.71 in August 2014.
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IPIM Attended 27th Asia Trade Promotion Forum (ATPF) in Mongolia

The 27th Asia Trade Promotion Forum (ATPF) was held in Ulaanbaatar, Mongolia from 10 to 12 September. This year's ATPF, hosted by the Mongolian National Chamber of Commerce and Industry (MNCCI), was participated in by the representatives of trade promotion organisations from 19 Asian economies, including Australia, Bangladesh, Brunei, China, Chinese Taipei, Hong Kong, India, Indonesia, Japan, Korea, Laos, Macao, Malaysia, Mongolia, Pakistan, the Philippines, Sri Lanka, Thailand and Vietnam. Participants of the forum included China Council for the Promotion of International Trade (CCPIT) Deputy Secretary General Chen Zhengrong, IPIM's President Jackson Chang, Hong Kong Trade Development Council (HKTDC) Assistant Executive Director Lawrence Yipp and Taiwan External Trade Development Council (TAITRA) Vice Chairman San Gee. The theme of this year's forum was "TPOs for Sustainable Development – The Role and Engagement of TPO's in Promoting Green Business, Foreign Direct Investment and Trade Facilitation". The inaugural session was officiated over by Prime Minister of Mongolia Norov Altankhuyag. MNCCI Chairman and CEO Sambuu Demberel and Japan External Trade Organization (JETRO) Chairman and Chief Executive Officer Hiroyuki Ishige gave the welcome speech and opening speech respectively. The forum was divided into three parts, the first part was the report on working meeting and report for the convention and exhibition committee, the second part was a thematic discussion based on the theme of "regional economic co-operation to attract foreign direct investment", and "economic integration and regional free trade agreement", the third part was speeches from respective TPO representatives. IPIM's Promotional Activities Department Senior Manager Sam Lei shared IPIM's experiences in promoting the development of the green industry by citing the Macao International Environmental Co-operation Forum and Exhibition (MIECF) as an example. ATPF was established in 1987 at the suggestion of Japan External Trade Organisation (JETRO) with members from more than 20 Asian TPOs. It aims to enhance trade co-operation and development in the region through information exchange, implementation of co-operative projects and strengthening networks among ATPF members. IPIM become a member in 1999 and hosted the 19th ATPF in Macao in 2006, and co-organised the ATPF Capacity Building Initiative Programme with China Council for the Promotion of International Trade in 2008 to provide training for TPO members and share trade promotion experiences. The 28th ATPF is tentatively scheduled to be held in Colombo, Sri Lanka in August 2015.
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Full text of the Macao Declaration adopted by the TMM8
The 8th Asia Pacific Economic Cooperation Tourism Ministerial Meeting (TMM8) concluded on the afternoon of 13 September, adopted the Macao Declaration. Following is the full text of the Declaration: 1.We, Tourism Ministers and representatives of the Asia-Pacific Economic Cooperation (APEC) member economies: Australia; Brunei Darussalam; Canada; Chile; the People's Republic of China; Hong Kong, China; Indonesia; Japan; the Republic of Korea; Malaysia; Mexico; New Zealand; Papua New Guinea; Peru; the Republic of the Philippines; the Russian Federation; Singapore; Chinese Taipei; Thailand; the United States of America; and Viet Nam, attended the 8th APEC Tourism Ministerial Meeting in Macao, China on September 13, 2014. 2.The theme of APEC 2014 in China is "Shaping the future through Asia-Pacific partnership." We recognize the important role of tourism in promoting economic cooperation, trade, and people-to-people and cultural exchanges among APEC member economies, and that it can make important contributions to the building of a new type of Asia-Pacific partnership. 3.In addition, the year 2014 marks the 25th anniversary of APEC. Over the years, APEC has had fruitful cooperation in many areas including tourism. On that basis, APEC member economies share a common will to carry forward and steadily enhance APEC cooperation. We therefore agree to set "Building a new future for Asia-Pacific tourism cooperation and development" as the theme of the current Tourism Ministerial Meeting. We will make efforts to achieve the target of 800 million international tourists among APEC economies by 2025. We call on APEC economies to attach higher importance to tourism and develop it as a pillar industry. We hope that APEC Leaders will fully recognize the important significance of promoting Asia-Pacific tourism cooperation and development and consider the aforementioned aspiration in the Declaration of the APEC Economic Leaders' Meeting to be held in Beijing. 4.We recognize that the Asia-Pacific region is the largest tourism market in the world, and that there is great potential for promoting the integration of the Asia-Pacific tourism market. We therefore encourage APEC member economies to actively implement the APEC Tourism Strategic Plan (ATSP), and take relevant follow-up steps to improve medium- and long-term roadmaps and collective plans of action for integrated cooperation in tourism. 5.We recommend that APEC member economies discuss the necessity and feasibility of enhancing tourism coordination mechanisms in the Asia-Pacific region, to guide and encourage member economies to further enhance cooperation in tourism products development, marketing and promotion, tourist services, international tourism investment, taxation policy for tourism growth, personnel education and training, job creation through tourism, etc. We recognize and respect that tourism can be utilized as a fundamental and strategic mode to preserve socio-cultural equity, heritage sites and local wisdom for the sake of community-based, rural- or village-based, and cultural tourism development to ensure alignment with sustainable economic development and poverty eradication within the Asia-Pacific region. We encourage member economies to increase cultural exchange and integration to create a better enabling environment for the integration of the Asia-Pacific tourism market. 6.We recognize that promoting integrated development of tourism and other industries can be an important contributor to value chain cooperation in the Asia-Pacific region. At present, the economy of the Asia-Pacific region is still recovering from the financial crisis. Finding new and additional driving forces for economic development and promoting inclusive and balanced growth is the shared objective of each and every APEC member economy. Therefore, integrating the development of tourism with other industries could not only bring into full play the geographical advantage, tourism resources and social and economic conditions of member economies, but could also help realize the transformation and sustainable development of tourism. To this end, we encourage the APEC Tourism Working Group (TWG) to share the best practices of integrated development of tourism and various industries and to initiate a series of demonstration projects within APEC. We encourage APEC member economies to make use of their resource advantages, and facilitate study tours, health tourism, rural tourism, sport tourism, marine and cruise tourism and other niche tourism products that can grow tourism-related industries. 7.We note that wide use of the latest science and technology, information technology in particular, has become a key feature of modern tourism. We therefore encourage APEC member economies to boost innovation, explore and promote smart tourism and related cooperation, and share business and other opportunities that come along with smart tourism. We urge the TWG to conduct a comprehensive survey and assessment of the current state of smart tourism in all APEC member economies, collect successful experiences and outstanding issues, and on that basis, identify priority areas of cooperation. 8.We recognize that tourism can be a good example for promoting green and sustainable development in the Asia-Pacific region. We therefore encourage all member economies to take the APEC Growth Strategy 2010 for low-carbon development as a reference and, while implementing their respective tourism policies, consider cooperating on low-carbon tourism development in the Asia-Pacific region. 9.We unanimously agree that strengthening tourism cooperation is an effective way to promote connectivity in the Asia-Pacific region. With respect to physical connectivity, growth of tourism can push forward infrastructure development, such as land, maritime and air transport, highways, railways, seaports, airports, water delivery, communications, and Internet access. In terms of institutional and people-to-people connectivity, the growing number of international tourists across the Asia-Pacific region will be a driving force for APEC member economies to steadily increase tourism market access, improve the mechanism for tourism market management, and simplify visa and customs clearance procedures. To this end, we agree to update the ATSP, and include in it interactive development of connectivity and tourism in the Asia-Pacific region. We encourage APEC member economies to share their best practices in which tourism pushes forward connectivity, and to disseminate successful experiences in the Asia-Pacific region. 10.We encourage APEC member economies to continue to implement the APEC Travel Facilitation Initiative and the APEC Guidelines on Ensuring Tourist Safety. In this regard, we welcome the outcome of the High Level Dialogue on Travel Facilitation held in 2013 in Bali, Indonesia, that highlights the importance of making travel more accessible, convenient, and more efficient, while maintaining secure travel. We believe these actions are important to deepening Asia-Pacific tourism cooperation. 11.We recognize the significant differences among APEC member economies in economic development, culture and history. We therefore stress that diversity and flexibility should be maintained when conducting Asia-Pacific tourism cooperation so as to strike a balance among member economies' tourism interests. 12.We encourage the APEC TWG to have closer cooperation with the Transportation Working Group, the Business Mobility Group, the Telecommunications and Information Working Group, the Counter Terrorism Working Group, the Group on Services, the Policy Partnership on Science, Technology and Innovation, and other forums related to APEC, and jointly launch cross-cutting initiatives or demonstration projects for the implementation of ATSP. 13.We recognize that involving other multilateral and regional tourism organizations, private travel services and the business community will significantly boost and complement APEC's efforts in building a new future for Asia-Pacific tourism cooperation and development. We therefore encourage the APEC TWG to continue to enhance partnerships, communication and coordination by increasing cooperation with industry, the United Nations World Tourism Organization, the World Travel and Tourism Council, the APEC International Center for Sustainable Tourism, the Pacific Asia Travel Association, the APEC Business Advisory Council, and other relevant institutions and organizations. 14.We look forward to the next Tourism Ministerial Meeting to be held in 2016. 15.We express our sincere thanks to the distinguished guests attending this Ministerial Meeting from the World Tourism Organization, the World Travel and Tourism Council, the APEC International Center for Sustainable Tourism, the Pacific Asia Travel Association, and other international and regional tourism organizations. We look forward to continued comprehensive cooperation with them. 16.We express our sincere thanks to the APEC Secretariat and the Lead Shepherd for their efforts and contribution to the success of the Tourism Ministerial Meeting. We also express our heart-felt appreciation to China for hosting the APEC TWG Meeting and the Tourism Ministerial Meeting, and to the Macao Special Administrative Region of China for the warm hospitality.
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APEC TMM8 concludes with Macao Declaration
The 8th Asia Pacific Economic Cooperation Tourism Ministerial Meeting (TMM8) closed this afternoon with the passage of the Macao Declaration, which sets out measures to create conditions for the development of a next-generation tourism industry in the Asia Pacific region. New initiatives including the facilitation of tourist travel, promotion of digital technologies in tourism management and the development of sustainable, low-carbon tourism destinations are outlined in the Macao Declaration. The Chairman of the China National Tourism Administration (CNTA) Mr Shao Qiwei, who chaired today's meeting, told reporters at a press conference that TMM8 had also achieved eight consensuses. Firstly, APEC member economies acknowledge the important role played by the tourism industry in promoting trade co-operation and cultural exchanges. Secondly, APEC member economies will strive to meet the new target of 800 million tourists by 2025 and give priority to the development of the tourism industry. Thirdly, the APEC Tourism Strategic Plan will be rigorously implemented to encourage greater co-operation and market integration among the members. Fourthly, the convergence of the tourism sector with other industries will be enhanced to promote the transformation of the tourism industry and its sustainable growth. Fifthly, APEC member economies will be encouraged to bolster the development of 'smart tourism'. Sixthly, co-operation in the development of low carbon tourism destinations will be strengthened. Seventhly, it is agreed that the APEC Tourism Strategic Plan will be updated to include the seamless connection of tourist travellers and the linkages of the tourist sector in the Asia Pacific region. Finally, APEC member economies will press ahead with the Travel Facilitation Initiative. Executive Director of the APEC Secretariat, Dr Alan Esmond Bollard, concluded that today's meeting had allowed all the members to exchange ideas on their different growth mechanisms for the tourism sector. He told reporters that four topics discussed today were of particular significance, namely better mobility of tourists; what can be done at airports and transport infrastructure to improve border processes through initiatives like the Travel Facilitation Initiative; examples of the uses of smart technologies, green development, low impact tourism, low carbon transport and improved ways of waste management; as well as market integration and ways of co-ordinating travel mechanisms across economies. Mr Shao; Dr Bollard; the Vice Chairman of CNTA, Mr Du Jiang; Vice Minister of Culture, Sports and Tourism of Korea, Mr He Beom; and Mrs Mari Elka Pangestu, Minister of Tourism and Creative Economy of Indonesia, answered reporters' questions during the press conference.
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APEC TMM8 opens in Macao
The 8th APEC Tourism Ministerial Meeting (TMM8) opened in Macao this morning with the theme "Exploration of Asia Pacific Tourism Cooperation and Future Development". Vice Premier, Mr Wang Yang; Vice Chairman of the CPPCC National Committee, Mr Edmund Ho Hau Wah; Chief Executive, Mr Chui Sai On; Chairman of the National Tourism Administration, Mr Shao Qiwei; and delegates of the Asia-Pacific Econonomic Cooperation member economies presided over the opening ceremony. In his opening address at the Macao International Convention Center at the Macao East Asian Games Dome, the Vice Premier said TMM8 was a significant platform for strengthening regional tourism co-operation. He put forward four hopes for the meeting. Firstly, he said he hoped this meeting could become a fresh starting point for tourism co-operation in the Asia Pacific region; secondly, that it could usher in a new era of tourism-led economic prosperity; thirdly that it could give new momentum to regional economic integration; and last but not least, he hoped it could yield more fruits for the upcoming APEC Leaders' Meeting. Mr Wang noted that the tourism industry was fast expanding in the Asia Pacific region, driving regional economic growth and expediting regional integration. He said that China and the Asia Pacific are interdependent in their development, stressing that China was willing to embark on multi-faceted tourism co-operation with all the APEC member economies and to play a more active role in promoting market integration. The Vice Premier pointed out that Macao enjoyed unique tourism resources, and the Central Government would fully support Macao's efforts in expanding tourism exchanges with other regions. The Chief Executive said Macao was very honoured to be the co-organiser of this event, which offered an opportunity for the delegates to learn more about Macao as a tourist destination. Mr Chui said he believed that today's meeting would allow delegates to pool together their ideas on the future development of the tourism sector in the Asia Pacific region. He added that the tourism sector was not only an economic growth engine, but also a bridge connecting peoples around the world. Speaking to the gathering on behalf of the 21 APEC members, Mrs Mari Elka Pangestu, Minister of Tourism and Creative Economy of Indonesia, said tourism development should work towards the goal of openness, sustainability and interconnection. She remarked that clear policies and roadmaps should be in place for the growth of the sector. Macao was a suitable venue for today's meeting as its tourism model was a good example for the APEC members to learn from, adding that she believed this meeting would turn a new page for regional tourism co-operation, she said. A total of 300 guests attended this morning's opening ceremony.
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Welcome dinner for Vice Premier and APEC delegates
The Macao Special Administrative Region Government tonight hosted the 'Macao Night' welcome dinner for the Vice Premier, Mr Wang Yang, who arrived this morning for the Eighth APEC Tourism Ministerial Meeting (TMM8), as well as the delegates of the 21 Asia-Pacific Economic Cooperation member economies. Speaking to the guests, the Chief Executive, Mr Chui Sai On, said organising TMM8 had special meaning to Macao as it reflected the Central Government's enormous support for and trust in the MSAR Government. The Chief Executive noted that by organising TMM8, Macao could further promote its development into a world tourism and leisure centre. In his speech, he gave thanks to the Central Government, the Ministry of Foreign Affairs, and the China National Tourism Administration (CNTA) for their assistance in helping Macao prepare for the meeting. "Through organising the Tourism Ministerial Meeting, we hope that you will find Macao as an ideal networking platform while we will also take this opportunity to present Macao to the world," Mr Chui told delegates of the APEC member economies. He pointed out that with Macao's favourable geographical conditions and unique advantages endowed by the principle of "one country, two systems", Macao could play an active role in international tourism co-operation. Mr Shao Qiwei, Chairman of CNTA, told the gathering that CNTA would fully support Macao's efforts in promoting the development of integrated tourism and help Macao enhance co-operation with the global tourism community. He added that as the Asia Pacific region has become the biggest aviation market and the number one tourist destination in the world, the tourism industry is also becoming a strategic pillar industry in China as a series of measures introduced by the State Council has created a sound legal environment for the future development of the tourism sector in China. Guests at the welcome dinner were entertained with cultural performances that highlighted Macao's unique status as a meeting point between the East and the West. The Eighth APEC Tourism Ministerial Meeting will open at the Macao International Convention Centre in the Macao East Asian Games Dome tomorrow morning. The theme of this year's meeting is "Exploration of Asia Pacific Tourism Co-operation and Future Development" and the meeting will conclude with the "Macao Declaration". This year marks the 25th anniversary of APEC.
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Chief Executive meets with CNTA Chairman
Chief Executive, Mr Chui Sai On, today thanked the National Tourism Administration (CNTA) for strongly supporting Macao in organising the Eighth APEC Tourism Ministerial Meeting (TMM8) as he met with CNTA Chairman, Mr Shao Qiwei, at Government House. Mr Chui also exchanged ideas with the CNTA Chairman on tourism co-operation and development between Macao and the Mainland. The hosting of TMM8 on the eve of the 15th anniversary of Macao's return to China symbolises the Central Government's great support for Macao, said Mr Chui. He said the Macao SAR Government would continue to develop the city into a world tourism and leisure hub as it pressed ahead with economic diversification. The Chief Executive also thanked the Foreign Ministry and the Hong Kong and Macao Affairs Office of the State Council for their assistance in organising TMM8. In response, Mr Shao Qiwei said the Macao SAR Government had made great efforts in ensuring the success of TMM8. He pointed out that the hard work of the Asia-Pacific Economic Cooperation Macao Organising Committee had prepared Macao well for tomorrow's ministerial meeting. The Director of the Office of the Chief Executive, Mr Tam Chon Weng, who is also Secretary General of the APEC Macao Organising Committee, thanked the National Tourism Administration for giving them their precious opinions in preparing for TMM8.
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28th MIMF tickets sales reaches 90%

The 28th Macao International Music Festival (MIMF), organised by the Cultural Affairs Bureau (IC, from the Portuguese acronym), will be held from 3 October to 1 November. Tickets for the event have been highly sought after, with 90% of tickets already sold. The public is advised to purchase their tickets as soon as possible. Seats for the pre-shows talks, part of the MIMF Outreach Programme, are also limited, but registration is still available to all interested patrons. After a lengthy absence, the Coro Gulbenkian (Portugal) returns to Macao to present the charm of Portuguese music in the concert Portuguese Music from the 17th and 20th Centuries to be held on 16 October, under the baton of maestro Jorge Matta. The Macao Orchestra celebrates the 150th anniversary of the birth of Richard Strauss by performing two of the composer's most popular symphonic poems in collaboration with brilliant cellist Denis Shapovalov and violist Sviatoslav Belonogov, in the concert Meditator, to be held on 18 October. The Taipei Chinese Orchestra takes to the stage on 19 October with the concert Dazzling Brilliance, redefining the meaning of Chinese music in an innovative way through a diverse programme, and developing a unique style and artistic path by incorporating not only Chinese music but also musical elements from Turkey, Western classical music, the Middle East and Xinjiang, among others. The North-American a cappella choir Anonymous 4, possessing extraordinary skills and a refined style, will enchant the audience with their flawless voices on 28 October in the concert Anthology, through works of different genres, such as conductus, songs and hymns. Additionally, the MIMF organises several pre-show talks for which it has invited Hong Kong music critic Dennis Wu, the Chief Conductor of the Jiangsu Province Performing Arts Group, Wang Aikang, Artistic Director Zhu Changyao, national class one composer Gu Guanren, and the Director and Conductor of the Chinese University of Hong Kong's Chorus Leon Chu, aiming at deepening the public's understanding of musical styles and features, performance styles of the musicians and appreciation methods, and thereby enriching their musical experience. Talks take place on the day of each respective performance and include: Russian Romanticism on 14 October, Tales from Russia on 15 October and Anthology on 28 October, all to be held at the Macao Cultural Centre Conference Room; and also Jiangnan Sizhu, held from 17 to 19 October at the Mandarin's House. The 28th Macao International Music Festival offers a variety of discounts and ticket buyers can benefit from 30% reductions under certain conditions. For more information, please refer to the MIMF Booking Guide available at www.icm.gov.mo/fimm. Ticketing hotline in Macao: 2855 5555; online reservations through www.macauticket.net. Pre-show talks seating reservation hotline: 8399 6699 (during office hours).
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